Benchmark sells West Village rental for $31M

Building was one of three the firm was marketing in area

New York /
Mar.March 10, 2017 12:05 PM

Benchmark Real Estate Group sold a six-story West Village rental building to Great Neck-based investor Soheil Khayyam for $31 million.

The Soho-based investment firm sold the 37-unit, 25,600-square-foot rental building at 65 Bank Street, between West 4th and Bleecker streets, according to documents filed with the city on Friday.

Benchmark TRData LogoTINY, led by Aaron Feldman and Jordan Vogel, purchased the building in 2011 for $15.2 million. When reached by phone on Friday, Vogel declined to comment. Contact information for Khayyam was not immediately available.

Amit Doshi and Jackie Himmelstein of Besen & Associates represented Benchmark on the deal and found the buyer.

Benchmark started marketing the building, along with two others, last year. Benchmark purchased the other buildings — 200 East 11th Street in the East Village and 82 West 12th Street in the West Village — for $57 million in 2013 and $22.8 million in 2015, respectively. Based on property records, it does not appear that either of these buildings has yet sold.

Benchmark, founded in 2009, offloaded several rental properties in the past two years. The company sold a Midtown West building for $48 million in May and rental building near Gramercy Park for $87.5 million in March 2016. Benchmark also sold a pair of Chelsea building for $27 million in November 2015.

The firm started marketing a Brooklyn Heights rental building for $22 million.

(To see a selection of properties owned by Benchmark Real Estate Group, click here)


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